Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Gitlab Stock Took a Dive Today

TheMotleyFool

0 0

Why Gitlab Stock Took a Dive Today: https://g.foolcdn.com/editorial/images/699149/app-developers.jpg

Shares of Gitlab (NASDAQ: GTLB) pulled back today after the software development company got an analyst downgrade and seemed to respond to weakness in some tech stock peers.

The stock closed down 15.6%.

Gitlab, which operates a DevOps platform that helps organizations increase their return on software development, got downgraded by JPMorgan Chase today. Analyst Pinjalim Bora took over coverage and lowered the bank's rating on the stock from overweight (meaning: buy) to neutral.

Source Fool.com

Like: 0

GTLB

Share